DailyMarkets.com - Time To Dump Stocks For Gold

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• Time To Dump Stocks For Gold
• Office Depot Beats Estimate
• Donnelley Fourth Quarter Beats
• PSEG Misses, Provides Outlook
• Hot Option Plays: Libya Dominating Headlines
• Forex – EUR/USD Down In U.S. Trading Hours
• Macy’s Tops Consensus
• Denny’s Misses Zacks Estimate
• Contrarians Scoop Up Carnival Corp. Call Options
• Medco High On Revs, EPS In Line
• Medtronic Beats, Aims Job Cuts
• Case-Schiller: Home Prices Fall Again
• Forex – AUD/USD Down In U.S. Trade
• Oil Crisis On The Way
• Forex – NZD/USD Down During The U.S. Session
• Enzon Cuts Losses, Misses Zacks
• Itron Misses In Spite Of Solid 4Q
• European Markets Close Lower; Dax Down 0.05%
• HMA Meets Earnings Estimates
• HMA Meets Earnings Estimates
• Australian Dollar: The Downside Prevails
• Canadian Dollar: The Downside Prevails
• WTI/Brent Saga Continues
• Recent Market Internal Weakness And Snap Declines
• Citi Ties Bonus To Profits
• Caterpillar’s Sales On A Roll
• Vietnam Central Bank Lifts Rate 100bps To 12.00%
• Forex – EUR/USD Down At The End Of European Session
• Risk Aversion Strong On Middle East Tensions
• Market Musings: The Buzzword Is Austerity
• BMC Aids Health Care Consolidation
• Crude Rallies On Middle East Tension
• Barrick Beats Estimates
• News Corp To Acquire Shine
• GE Healthcare Acquires Orbotech
• BP’s ‘Reliance’ On Indian Market
• Wal-Mart Beats Estimates
• Earnings Scorecard: JAKKS Pacific
• Lower Prices Hurt Ultra Petroleum
• Bonds Higher As Crude Jumps And Stocks Slide
• Morning News Notes: 2.22.11
• Forex – Dollar Mixed Vs. Rivals After U.S. Economic Data
• Forex – EUR/USD Climbs To Daily High Boosted By Rate View
• Forex – GBP/USD Drops After Upbeat U.S. Consumer Confidence Data
• U.S. CB Consumer Confidence Jumps More-than-expected
• U.S. Stocks Down Sharply On Libya Unrest; Dow Jones Drops 0.59%
• BHP Billiton Enters US Shale Gas Business With Acquisition Of Fayetteville Interests
• Jewelry Drives The Gold Love Trade
• Stock Investor Sentiment: Is Three The Charm?

Time To Dump Stocks For Gold Posted: 22 Feb 2011 11:53 AM PST The S&P 500 has rebounded about 100% in 100 weeks. What crisis? What new normal? The economy is recovering and happy times are back again. Old normal is back. Stocks for the long run! Permabears be damned! The permabulls are back! Rates are low, core inflation is low, its Goldilocks time! US stocks are only following the same pattern they've followed in the last three bear markets. The midpoint crash (1907, 1937, 1974, 2008) gave way to a furious rebound in each case. Following … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Office Depot Beats Estimate Posted: 22 Feb 2011 11:35 AM PST Office Depot Inc. (NYSE:ODP) recently posted better-than-expected fourth-quarter 2010 results. The quarterly earnings of 9 cents a share portrayed a substantial improvement from a loss of 6 cents in the prior-year quarter, and also fared better than the Zacks Consensus Estimate of a loss of 3 cents. The Zacks Consensus Estimate had remained stable prior to the earnings release. On a reported basis, including one-time items, Office Depot delivered a loss of 21 cents a share, as against a loss of 28 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Donnelley Fourth Quarter Beats Posted: 22 Feb 2011 11:35 AM PST A leading provider of integrated communications and printing solutions, R.R. Donnelley & Sons Co. (NYSE:RRD) reported fourth quarter 2010 earnings, on a non-GAAP basis, of 51 cents per share, beating the Zacks Consensus of 46 cents per share. Earnings increased 10.9% year over year from 46 cents reported in the prior-year quarter. Revenue Revenues increased 4.8% year over year to $2.71 billion and was above the Zacks Consensus Estimate of $2.66 billion. Fourth quarter revenue growth was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PSEG Misses, Provides Outlook Posted: 22 Feb 2011 11:25 AM PST Public Service Enterprise Group Inc. (NYSE:PEG) or PSEG, reported fourth quarter operating per share earnings of 60 cents, missing the Zacks Consensus Estimate of 62 cents and declining from the year-ago earnings of 66 cents. On a reported basis, including one-time items, earnings came in at 56 cents in the reported quarter compared with 69 cents in the year-ago quarter. Fiscal 2010 operating earnings came in at $3.12 per share, falling short of the Zacks Consensus Estimate of $3.17. However, this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Libya Dominating Headlines Posted: 22 Feb 2011 11:19 AM PST Cusick's Corner The headline risk just became a reality for now. With the Middle East, most notably Libya, dominating the headlines and continued local unrest at the state level, Wisconsin proposing to drop the public union's collective bargaining rights and now potentially Ohio, the market has come under the most notable pressure in over a month. While these events are serious, we will have to wait and see if they have the true potential to turn this market and this will not be a 1 or 2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In U.S. Trading Hours Posted: 22 Feb 2011 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3656, down 0.16% at time of writing. The pair was likely to find support at 1.3526, today's low, and resistance at 1.3716, Monday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.46% to hit 0.8468 and EUR/JPY falling 0.64% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Macy’s Tops Consensus Posted: 22 Feb 2011 11:05 AM PST Macy's Inc. (NYSE:M), one of the leading department store retailers in the U.S., recently posted fourth-quarter 2010 results that topped the Zacks expectations. The quarterly earnings of $1.59 per share outperformed the Zacks Consensus Estimate of $1.51, and rose 17.8% from $1.35 delivered in the prior-year quarter. The quarterly earnings also surpassed management's guidance range of $1.44 to $1.49 per share. The Zacks Consensus Estimate rose by a penny prior to the earnings release, with 3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Denny’s Misses Zacks Estimate Posted: 22 Feb 2011 11:05 AM PST Denny's Corporation (DENN), America's largest full-service family restaurant chain, recently reported fourth-quarter 2010 earnings of 3 cents per share, missing the Zacks Consensus Estimate of 8 cents and 18 cents in the prior-year quarter. The company reported results lower than expectations due to a drop in revenue and margin contraction. Total revenue declined 3.3% year over year to $135.9 million and was also below the Zacks Consensus Estimate of $141.0 million. For full fiscal 2010, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Contrarians Scoop Up Carnival Corp. Call Options Posted: 22 Feb 2011 10:41 AM PST Contrarians scoop up Carnival Corp. call options Today’s tickers: CCL, XLF, IRM & WAC Carnival Corp. (NYSE:CCL) – Shares in the cruise company sank 8.3% this afternoon to touch an intraday low of $41.90, but it looks like some options traders expect Carnival Corp. to encounter fairer seas ahead of July expiration. More than 3,400 calls changed hands at the July $47 strike in the first half of the trading session, which is more than twice the number of contracts of open interest at that strike. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medco High On Revs, EPS In Line Posted: 22 Feb 2011 10:40 AM PST Medco Health Solutions (NYSE:MHS) reported an EPS of 88 cents during the fourth quarter of fiscal 2010, up 25.7% from the year-ago quarter's 70 cents. After adjusting for amortization of intangible assets, the company's EPS came in at 94 cents, meeting the Zacks Consensus Estimate and 23.7% higher than the year-ago quarter's 76 cents. For the full year, the EPS was $3.40, in line with the Zacks Consensus Estimate and 20.1% higher than the previous year. Medco, the largest pharmacy benefit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medtronic Beats, Aims Job Cuts Posted: 22 Feb 2011 10:35 AM PST Medtronic (NYSE:MDT) reported an adjusted EPS of 86 cents during the third quarter of fiscal 2011, beating the Zacks Consensus Estimate of 83 cents and 12% higher than 77 cents in the year-ago quarter. Revenues were $3.961 billion, up 3% compared with the year-ago quarter and in line with the Zacks Consensus Estimate. Medtronic recorded 43% of its total sales from the international market during the quarter. Sales derived from the international market increased 5% year over year to reach $1.702 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Case-Schiller: Home Prices Fall Again Posted: 22 Feb 2011 10:35 AM PST In December, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.36% on a seasonally adjusted basis, and is down 1.22% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.41% on the month and is down 2.40% from a year ago. This is the second month in this second leg down in housing prices that the year-over-year change has been negative for both composites; it will not … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In U.S. Trade Posted: 22 Feb 2011 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9987, down 1.06% at time of writing. The pair was likely to find support at 0.9976, today's low, and resistance at 1.0157, Friday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.04% to hit 1.3693 and AUD/JPY falling 1.68% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oil Crisis On The Way Posted: 22 Feb 2011 10:02 AM PST As Libya moves towards possible Civil War it is really starting to motor on the fear factor in the Oil Markets. Brent Crude which is used as the benchmark for 70% of trade is up very sharply over the past few days and now at over $107 per barrel. At over $100 per barrel the price of oil starts causing big dislocations in World Economies. The price of transport goes up and causes inflation, the prices of goods have to go up as retailers can’t hold down the rate of margin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session Posted: 22 Feb 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7488, down 1.97% at time of writing. The pair was likely to find support at 0.7456, today's low, and resistance at 0.7657, Friday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.90% to hit 1.3334 and EUR/NZD rising 1.86% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Enzon Cuts Losses, Misses Zacks Posted: 22 Feb 2011 09:55 AM PST Enzon Pharmaceuticals' (ENZN  ) fourth quarter 2010 net loss of 14 cents per share (excluding special items) was wider than the Zacks Consensus Estimate, which indicated a loss of 8 cents. The loss, however, compared favorably with a loss of 21 cents suffered in the year-ago quarter. On a reported basis (including special items), the company recorded a loss from continuing operations of 17 cents per share as against a loss of 32 cents per share in the year-ago quarter. The narrower loss … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Itron Misses In Spite Of Solid 4Q Posted: 22 Feb 2011 09:55 AM PST Itron Inc. (NASDAQ:ITRI) delivered earnings per share (EPS) of 95 cents in its fourth quarter ended December 31, 2010, falling short of the Zacks Consensus Estimate of $1.03. Despite the earnings miss, the results benefited from robust sales in North America. Including one-time items, EPS in the quarter increased five fold to 65 cents. Revenues Revenues surged 30% year over year to a record $621 million, well above the Zacks Consensus Estimate of $574 million, mainly driven by higher shipments of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 0.05% Posted: 22 Feb 2011 09:55 AM PST Forex Pros – European stocks were down after the closing bell on Tuesday. At the close of European trade, Germany's DAX fell 0.05%, London's FTSE 100 shed 0.30%, France's CAC 40 declined 1.15% and the EURO STOXX 50 was down 0.96%. Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.25%; the S&P 500 index shed 1.75%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HMA Meets Earnings Estimates Posted: 22 Feb 2011 09:35 AM PST Health Management Associates (NYSE:HMA), a leading operator of general acute care hospitals, reported fourth quarter and fiscal 2010 earnings per share of 16 cents and 65 cents, respectively, meeting the corresponding Zacks Consensus Estimates and surpassing the year-ago earnings per share of 13 cents and 55 cents. Net income in the relevant quarter was $28.2 million, down 17.4% from the year-ago period. The company recorded a loss of $13.1 million on discontinued operations, which somewhat offset … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HMA Meets Earnings Estimates Posted: 22 Feb 2011 09:35 AM PST Health Management Associates (NYSE:HMA), a leading operator of general acute care hospitals, reported fourth quarter and fiscal 2010 earnings per share of 16 cents and 65 cents, respectively, meeting the corresponding Zacks Consensus Estimates and surpassing the year-ago earnings per share of 13 cents and 55 cents. Net income in the relevant quarter was $28.2 million, down 17.4% from the year-ago period. The company recorded a loss of $13.1 million on discontinued operations, which somewhat offset … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: The Downside Prevails Posted: 22 Feb 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 22 Feb 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WTI/Brent Saga Continues Posted: 22 Feb 2011 09:18 AM PST Today’s Idea Given the extremely volatile political situation in the Oil producing regions of the world, the Oil market is likely to be just as volatile. While it could be tempting for traders to enter into WTI-Brent Crude Oil spreads, there are many factors that could make the spread extremely risky – different markets, different exchanges, different supply dynamics, etc. For this reason, some traders may wish to focus on the US Oil market and consider entering into a futures spread, buying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Recent Market Internal Weakness And Snap Declines Posted: 22 Feb 2011 09:18 AM PST I'm a big fan of monitoring price swings with market internals, such as TICK, Breadth, and Volume Difference, as these can give you early warning signs of a potential short-term turn in price. That was the case two times in the short-term frame – so let's turn now to our updated SP500 and Market Internal chart: What we're seeing above is the classic NYSE TICK and NYSE Breadth – my two favorite market internals. Let's start with Valentine's Day February 14th. TICK Peaked on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Citi Ties Bonus To Profits Posted: 22 Feb 2011 09:05 AM PST Citigroup Inc. (NYSE:C) devised a new compensation plan for its executives tied to the company's profits in its core business in the upcoming years. Under the plan, executives would receive cash bonus as a specified percentage of the cumulative pre-tax income of Citicorp, its portfolio of core business, for 2011 and 2012. According to the new plan, Citi executives would be entitled to receive any payment only if cumulative pre-tax income exceeds $12 billion. Cumulative pre-tax income refers to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar’s Sales On A Roll Posted: 22 Feb 2011 09:05 AM PST Caterpillar Inc. (NYSE:CAT) has kicked off 2011 with a 49% year-over-year jump in global sales in January 2011, a stark contrast to the 27% drop in sales in January 2010. This marks the ninth consecutive month of positive growth for the company since May last year when it had reversed a long trend of global decline from September 2008. The favorable outcome during the month, fast becoming a routine at this company, was led by North America with sales increasing 58% compared with a 40% decline in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vietnam Central Bank Lifts Rate 100bps To 12.00% Posted: 22 Feb 2011 09:03 AM PST The State Bank of Vietnam hiked the reverse repo rate another 100 basis points to 12.00% from 11.00% previously; the move follows a 200 basis point hike last week. Vietnam recorded inflation of 12.17% in January 2011, up from 11.75% in December, and above the Government’s inflation target of 7.0%. The rate hike comes as the as Prime Minister Nguyen Tan Dung prepares to order tighter monetary and fiscal policies, and follows previous moves by the Bank to devalue the Vietnamese Dong by 8.5% and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session Posted: 22 Feb 2011 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence. EUR/USD was trading at 1.3663, down 0.11% at time of writing. The pair was likely to find support at 1.3526, today's low, and resistance at 1.3716, Monday's high. Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 70.40 last month from 64.80 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Aversion Strong On Middle East Tensions Posted: 22 Feb 2011 09:00 AM PST 02/22/11 Investors continued to steer clear of higher-yielding/riskier assets this session as tensions in the Middle East continue to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Market Musings: The Buzzword Is Austerity Posted: 22 Feb 2011 08:46 AM PST A quick look at the headlines over the past weekend shows that this country’s fiscal crisis is being brought into greater focus.  States are proposing cutbacks, and governors are telling constituents that we cannot kick the can down the road any longer.  It all makes sense, and it is rhetoric that we have all heard before, and in politics, words speak louder than actions.  Two years ago at the depth of financial despair, Americans were willing to listen and were willing to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BMC Aids Health Care Consolidation Posted: 22 Feb 2011 08:35 AM PST BMC Software Inc. (NYSE:BMC) announced the successful completion of a massive data center consolidation of New York City Health and Hospitals Corp. ("HHC") that was facilitated through its information technology service management (ITSM) solutions. New York HHC, an ace health care provider with 11 acute care hospitals and many other clinical facilities, consolidated its 11 data centers into 2. The consolidation was accomplished through BMC Software's Remedy ITSM suite that created two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rallies On Middle East Tension Posted: 22 Feb 2011 08:30 AM PST 02/22/11 Front month crude prices posted a strong rally this session as protests in Libya turned violent and Iranian warships enetered the Suez … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Barrick Beats Estimates Posted: 22 Feb 2011 08:23 AM PST Barrick Gold Corp. (NYSE:ABX) posted record fourth-quarter 2010 results driven by higher gold sales volumes and higher prices for both gold and copper. Fourth quarter reported a net income of $896 million or 90 cents per share.   Full year reported net income came in at $3.27 billion. Adjusted net income was up 57% year over year to $947 million or 95 cents per share compared with $604 million or 61 cents per share in the prior-year quarter, beating the Zacks Consensus Estimate of 83 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

News Corp To Acquire Shine Posted: 22 Feb 2011 08:23 AM PST Rupert Murdoch’s News Corp. (NWSA) recently announced that it has reached an agreement to acquire Shine Group, founded by his daughter, Elisabeth Murdoch, in 2001, for approximately $673.0 million. The companies signed a non-binding letter of intent and will go on with the regulatory filings obligatory for the deal. Chase Carey, the company's deputy chairman, president and chief operating officer will be the reporting head. News Corporation's significant international presence has helped … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE Healthcare Acquires Orbotech Posted: 22 Feb 2011 08:23 AM PST GE Healthcare, a group company of General Electric Company (NYSE:GE), announced the completion of the acquisition of Orbotech Medical Solutions Ltd. The acquired company manufactures cadmium zinc telluride (CZT) detectors used in GE Healthcare’s Alcyone nuclear medicine practice. GE Healthcare recently obtained FDA clearance for the use of CZT technology in diagnosis and early detection of breast cancer in women. GE has one of the best infrastructure franchises worldwide with solid organic growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BP’s ‘Reliance’ On Indian Market Posted: 22 Feb 2011 08:23 AM PST BP Plc (NYSE:BP) and Reliance Industries Ltd. have joined hands for a deepwater oil and gas exploration program in India. The $7.2 billion deal highlights BP's endeavor to compensate for last year's Gulf of Mexico oil spill by focusing on the world's fastest growing energy market. The British oil giant will acquire a 30% stake in 23 oil and gas blocks operated by Reliance. BP will also shell out $1.8 billion more if the companies discover more hydrocarbon than they expect. The two companies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wal-Mart Beats Estimates Posted: 22 Feb 2011 08:23 AM PST Wal-Mart Stores Inc. (NYSE:WMT) reported better-than-expected fourth-quarter 2011 results. The retailing giant reported quarterly earnings of $1.41 a share reflecting a 11.9% increase over the prior-year earnings of $1.26 a share. However, excluding the benefit of one-time items, earnings were $1.34 a share, which was ahead of the Zacks Consensus Estimate of $1.31, by 2.3%. For the full year 2011, reported earnings came in at $4.18 a share, while adjusted earnings were $4.07. Both reported and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: JAKKS Pacific Posted: 22 Feb 2011 08:23 AM PST On February 15, JAKKS Pacific Inc. (NASDAQ:JAKK) reported its fourth quarter fiscal 2010 earnings of 30 cents per share, beating the Zacks Consensus Estimate of 25 cents and showing an improvement from the year-earlier adjusted earnings of 22 cents. Given below is our report on the recent earnings announcement as well as subsequent analyst estimate revisions over short and long-term periods. Earnings Report Flashback During the fourth quarter, the company reported a 0.4% year-over-year decrease in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lower Prices Hurt Ultra Petroleum Posted: 22 Feb 2011 08:23 AM PST Natural gas producer Ultra Petroleum Corp. (UPL) reported weak fourth quarter 2010 results, as lower natural gas prices more than offset the effects of higher production. Earnings per share, excluding special items, came in at 50 cents, missing the Zacks Consensus Estimate of 54 cents and slightly below the year-ago income of 51 cents. Operating revenue, at $237.5 million, was shy of the Zacks Consensus Estimate of $293.0 million but was up 11.3% year over year. For full-year 2010, Ultra … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bonds Higher As Crude Jumps And Stocks Slide Posted: 22 Feb 2011 08:22 AM PST Bond investors had emotions tugged both ways as a volatile Libyan situation drove safe-haven demand skyrocketing before hawkish commentary from an ECB member later dampened enthusiasm for government paper. Yields continue to remain towards the day’s lowest point, however, as enthusiasm for a stock market recovery becomes a distant memory. Eurodollar futures – Yields on benchmark U.S. government debt fell to a two-week low, recovering more than 25 basis points from its highest point in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 2.22.11 Posted: 22 Feb 2011 08:20 AM PST The morning news notes as prepared by TL… Libya, crude oil, peak in 10 year Treasury yields?, Wisconsin, munis, cotton farmers, and a budget showdown looms. “Morning News Notes: February 22, 2011″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After U.S. Economic Data Posted: 22 Feb 2011 08:10 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, following the release of mixed U.S. data and as investors continued to monitor escalating violence in Libya. During U.S. morning trade, the greenback was down against the euro, with EUR/USD climbing 0.04% to hit 1.3685. Earlier in the day, European Central Bank council member Yves Mersch said officials may toughen their language on inflation when ECB policy members meet next week, indicating a readiness to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Climbs To Daily High Boosted By Rate View Posted: 22 Feb 2011 07:57 AM PST Forex Pros – The euro erased losses against the U.S. dollar on Tuesday, climbing to a daily high after European Central Bank policymakers indicated the central bank could raise rates to tame inflation.  EUR/USD hit 1.3703 during U.S. morning trade, a daily high; the pair subsequently consolidated at 1.3694, easing up 0.12%. The pair was likely to find support at 1.3461, the low of February 16 and resistance at 1.3734, the high of February 10. Earlier Tuesday, ECB council member Yves … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Drops After Upbeat U.S. Consumer Confidence Data Posted: 22 Feb 2011 07:28 AM PST Forex Pros – The pound was down against the U.S. dollar for a second day on Tuesday, after a report showed that U.S. consumer confidence rose to a three-year high in February. GBP/USD hit 1.6132 during U.S. morning trade, the pair's lowest since February 17; the pair subsequently consolidated at 1.6171, dipping 0.32%. Cable was likely to find support at 1.6074, the low of February 17 and resistance at 1.6257, Monday's high. Earlier in the day, the Conference Board, a market research … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. CB Consumer Confidence Jumps More-than-expected Posted: 22 Feb 2011 07:09 AM PST Forex Pros – U.S. consumer confidence increased significantly more-than-expected in February, reaching the highest level in three years, industry data showed on Tuesday. In a report, the Conference Board, a market research group said its index of consumer confidence rose to 70.4 in February, compared to a reading of 64.8 in January, whose figure was revised up from 60.6. Analysts had expected the index to rise to 65.1 in February. The report also showed that the CB index of consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Down Sharply On Libya Unrest; Dow Jones Drops 0.59% Posted: 22 Feb 2011 06:50 AM PST Forex Pros – U.S. stock markets posted sharp losses after the open on Tuesday, as market sentiment was weighed by escalating unrest in Libya and after industry data showed that U.S. home prices dropped for the sixth consecutive month.   During early U.S. trade, the Dow Jones Industrial Average slumped 0.59%, the S&P 500 index tumbled 0.99%, while the Nasdaq Composite index plunged 1.72%.  In Libya, violent clashes between police and protesters spread to Tripoli as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BHP Billiton Enters US Shale Gas Business With Acquisition Of Fayetteville Interests Posted: 22 Feb 2011 02:41 AM PST Natural resources giant BHP Billiton (LON:BLT) has agreed a deal to buy Chesapeake Energy Corp's interests in the Fayetteville Shale, US, including the midstream pipeline system, for US$4.75bn. BHP said the acquisition was consistent with its strategy of investing in large, long-life, low cost assets with significant volume growth from future development. The group said the move also supported its goal of diversification by geography, customer and product – marking BHP's entry into the US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jewelry Drives The Gold Love Trade Posted: 21 Feb 2011 10:00 PM PST This week, the World Gold Council (WGC) confirmed something we'd already suspected: 2010 was a remarkable year for gold. Overall demand grew by 9 percent to reach a 10-year high on increased jewelry demand, strong momentum in key Asian markets and a paradigm shift in the official sector, the WGC says. Demand for jewelry was the biggest contributor to gold demand, accounting for 54 percent of the total. That's a 17 percent rise despite gold prices jumping 26 percent in many currencies. Gold … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Investor Sentiment: Is Three The Charm? Posted: 20 Feb 2011 08:41 AM PST As I have been alluding to over the past couple of weeks, anticipating a correction (beyond 1% from the near term highs) in the equity markets has been very brutal.  This market has made road kill of a lot of analysts and indicators.  With that being said, this week’s sentiment update not only has the “dumb money” being bullish (as expected) but company insiders (the “smart money”) have increased their selling significantly.  This is the third time since November, 2010 (when the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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